Which of the Following Is NOT Typical of a Project

question 51

Multiple Choice

Which of the following is NOT typical of a project manager?

• A) Managing a temporary activity
• B) Overseeing existing operations
• C) Managing a nonrepetitive activity
• D) Responsible for time, cost and performance trade-offs
• E) Work with a group of outsiders, including vendors and suppliers

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Definitions:

Direct Labor-hours

Represents the total hours of labor directly involved in manufacturing a product or delivering a service.

Variable Overhead Rate

The rate at which variable overhead costs are allocated to each unit of production, typically based on hours of labor or machine hours.

Quantity Standard

A predetermined measure of the amount of input that should be used in the production of a single unit of product or service.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the expected (or standard) amount based on efficient operations.